Australia's largest stock trading and investment forum Australia's #1 stock forum

AUQ

Click for more information

2.08%

4.9¢ alara resources limited

The Saudi’s are also happy to fund up to 75 percent of the...

First 18 Last

Share
Profile

Follow
ivantheironworker

1,831 Posts.

37

07/02/22

13:13

Post #: 59405016
Share

Originally posted by Moealara: ↑

Excellent find. I am a Saudi citizen and i can tell you there has been a lot of buzz locally about this mine to the point that the minister of mining went with a helicopter two months ago to inspect the tenement before putting it up for budding. The ministry invited Alara executives to a government set up mining conference in the Capital Riyadh attended by the minister himself. They gave Alara a free booth and had the deliver a key note speech about their findings and their previous study on Khanigyyah mine.

all that is extremely positive. I think Alara has the best chance to get the license as the board who review the licenses focuses on two criteria:
1- technical expertise: in regards to this Alara has the lead clearly with a fully executed DFS study no can match Alara’s proposal.
2- financial Capabilities: in regards to this one yes Alara may lack a few, however, our partners In Oman are helping us by expressing willingness to finance. Plus our current share price is helping tremendously.

so all in all, not to sound too confident but we have an extremely great chance of wining it. (Touch wood)

Expand

The Saudi’s are also happy to fund up to 75 percent of the project.

Last edited by ivantheironworker: 07/02/22

AUQ Price at posting: 9.7¢ Sentiment: Buy Disclosure: Held
3 Upvote

0 Great analysis

Reply

Top Stories

MND

Albemarle lithium downsize burns $200M hole in Monadelphous's pocket as latter's contracts terminated

CKA

Deal with Petrosea opens the door for Cokal's ramp-up plans in Indonesia

Second Christmas for 2024 coming to Kalgoorlie: Diggers & Dealers starts Monday

KAI

Pilbara Minerals buys land off Kairos part of its York gold project for $20M – and a 2% royalty on any PLS gold sales

CPV

Clearvue shares up 15% as it inks deal to enter Middle East and Indian construction markets

There are more pages in this discussion • 3 more messages in this thread...

First 18 Last

Add AUQ (ASX) to my watchlist

(20min delay)
Last 4.9¢		Change 0.001(2.08%)		Mkt cap ! $35.18M

Open	High	Low	Value	Volume
4.9¢	4.9¢	4.9¢	$1.166K	23.79K

Buyers (Bids)

No.	Vol.	Price($)
1	88756	4.9¢

Sellers (Offers)

Price($)	Vol.	No.
5.5¢	57270	1

View Market Depth

No.	Vol.	Price($)
1	88756	0.049
2	25298	0.045
1	20000	0.044
1	14000	0.041
1	400000	0.033

Price($)	Vol.	No.
0.055	57270	1
0.063	18849	1
0.067	100000	1
0.068	149999	1
0.070	50000	1

Last trade - 16.10pm 01/08/2024 (20 minute delay)

AUQ (ASX) Chart